Dodd has to be one of the most corrupt pigs to ever serve in congress. I wonder how much money he has now? I’m sure he’s enjoying his retirement in style.
I believe the legal term is “BRIBE”.....
scumbag jim johnson of fannie, didnt even payhis bills!!! This clown is one of the biggest scums in washington...[from article]...
Former Fannie Mae heads James Johnson, Daniel Mudd and Franklin Raines. Countrywide took a loss on Mudd’s loan. Fannie employees were the most frequent recipients of VIP loans. Johnson received a discount after Mozilo waived problems with his credit rating.
The report said Mozilo “ordered the loan approved, and gave Johnson a break. He instructed the VIP unit: ‘Charge him 1/2 under prime. Don’t worry about (the credit score). He is constantly on the road and therefore pays his bills on an irregular basis but he ultimately pays them.’”
Johnson in 2008 resigned as a leader of then-candidate Barack Obama’s vice presidential search committee after The Wall Street Journal reported he had received $7 million in Countrywide discounted loans.
It sure would help if once in a while some of these losers were indicted. It has a wonderful deterrent effect.
My other pet peeve is it cannot be repeated enough that these pols Democrat and Republican alike are not subject to Obamacare. Talk about a conflict of interest helped along by safe voting districts. There is much to do.
I saw this on Fox & Friends this morning. Dodd and Conrad were mentioned and apparently other democrat congress critters were also involved and (they said) a couple of Republicans.
Wonder who those were. Not surprising about the dems...they are mostly crooks.
Chris Dodd is now chairman and CEO of the Motion Picture Association of America (MPAA).
The House report is useless, unless Dodd and Frank are brought to trial.
I hope that the House will consider this a priority.
Why the heck is this coming out now? The “friends of Angelo” program was known a couple of years ago and, especially Dodd’s sweetheart deals for his houses, one I believe is in Ireland. The timing of this coming out now smells.
There. I fixed it.
In corporate America, when an executive is asked/required to move in other to take a new position, part of the relocation package often includes a mortgage at a below market rate. This is usually done if the exec, in selling, is forced to give up the existing mortage for a new one AT A HIGHER RATE.
Whatever the reason, it is part of the IRC that the COST SAVINGS in dollars to the exec, from the savings due to a lower interest rate, is TAXABLE INCOME each year to the individual.
Seems only fair that all these crooks should have to pay taxes on the value of their discounted mortgages.